H.R. 2440, Credit and Charge Card Disclosure Amendments of 1991

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Frequently, cardholders anticipating filing bankruptcy will spend up to the
available credit on their credit card as a last aquot;splurge, aquot; knowing that they will not
have to repay the debt. ... H. R. 2440, introduced by Representative Charles
Schumer (D-NY), would require that the box of disclosures ... The box required on
envelopes must contain: I. the annual percentage rate (aquot;APRaquot;); 2. the annual fee;
3. anyanbsp;...